Thursday, June 23, 2011

General Motors Bailout: Pensions Cut for Non-Union Workers

The Daily Caller reports:

http://dailycaller.com/2011/06/22/private-emails-detail-obama-admin-involveme...

> New emails obtained by The Daily Caller contradict claims by the Obama administration that the Treasury Department would avoid “intervening in the day-to-day management” of General Motors post-auto bailout.
>> These messages reveal that Treasury officials were involved in decision-making that led to more than 20,000 non-union workers losing their pensions.
>> Republican Reps. Dan Burton and Mike Turner say that during the GM bailout, Treasury Secretary Timothy Geithner decided to cut pensions for salaried non-union employees at Delphi, a GM spinoff, to expedite GM’s emergence from bankruptcy.

Posted via email from The Blue Pelican

No comments: